Life Insurance Rates by Age with Samples

Life insurance is the most important insurance. Compared to other types of insurance, life insurance gives the best benefits. One of the best benefits is to give the coverage caused by the death. There are still many other benefits that you can get from life insurance. Life insurance is different from one person to another. There are many factors that affect it. One of them is the age. The older you are, the higher the life insurance rate will be. If you want to know more about it, this article will discuss about life insurance rates by age.

Life Insurance Rates by Age in 10 Year Term

Term life insurance is divided into some types based on the year. 10 year term life insurance is the cheapest type. This term life insurance offers premium level for 10 years of the period. After the period ends, it will increase annually. The rates are different based on the ages. A younger will pay differently from old people. You can see the following sample of life insurance rates by age.

For those who are 30 years old only need to pay $ 9.30. It is not expensive because a 30 year old person is considered as a young man. If you are 80 years old, you need to pay up to $ 748.35. It is much higher than the younger one. It is only those who are in good health and nonsmokers. Some factors such as hazardous hobbies, travels, occupational risk, and family history will be included in their considerations. That is, the sample of this insurance rate by age.

Life Insurance Rates by Age in 15 Year Term

There is 15 year term life that people choose. We can guess from the name that it offers the premium guaranteed level for 15 years of period coverage. It still belongs to one of the shortest terms of life insurance. It will be best for those who are near to retirement, have business policy, and younger individual that want to look for the lowest premium life insurance. For the life insurance rates by age, you can see the sample below.

Different from the 10 year term, 15 year term life insurance rates are higher. A 30 year old man with excellent health as well as non smoker should pay about % 10.72 whereas for a man who is 40 years old, he should pay $ 13.44. It is different from those who are 50 years old where they need to pay $ 34.34. An old man with 60 years old has to pay much higher which up to $ 81.81. That is the sample of this rate by age with 15 year term.

Life Insurance Rates by Age in 20 Year Term

There is a good option that is 20 year term life insurance. It can be considered as the most favored option because it is the most common term life insurance that people have. With premium guaranteed level for 20 years of the term period, it is very interesting, but it will increase annually. If you are interested in it, you can consider the following sample of this rate by age.

20 year term life insurance rates can be seen from the following sample. If you are a 30 year old man, you just need to pay $ 13.34. If you are a 70 year old man, you have to pay up to $ 406.57. For 80 year old men are not offered. Those rates are from men who are in excellent health and non smoker. The rates may be different from considering some factors such as hazardous hobbies, occupational risk, family history, and travels. That is, the sample of this rate by age with 20 year term.

Life Insurance Rates by Age in 30 Year Term

There is a long term of life insurance that is offered 30. Based on the term period, it is the long term. It can cover you for 30 years. After the 30 year end, is it cancelled? No, it will offer the premium guaranteed level after 30 years. It will increase annually. Most term policies will renew annually after the age of 95. Because it is the long term, it is taken by younger people. If you want to know the sample, you can see the following sample of life insurance by age.

The 30 year term life insurance rates can be seen as below. For those who are 30 years old, they will pay $ 20.13. It is different from those who are 40 where they have to pay $ 29.59. The older people with 50 years old need to pay much higher up to $ 72.19. There is no term for those who are above 60 years old. From that sample of this rate by age, you can plan it properly from now.

Lifetime Coverage rates to Age 121

There is a lifetime coverage that will cover the longest guarantee up to the age of 121. The benefits of premium and death will still be fixed for your life. This lifetime insurance coverage costs much higher than the other terms. If you are a 20 year old man, you have to pay $ 25.01. It is extremely higher if you are 80 year old man where you must spend up to $ 479.70. That is, the sample of life insurance rates by age. The lifetime coverage makes people interested.

That is all about life insurance rates by age. You know that different ages have different rates. You can see the samples above to understand more about it. Hopefully this will be a useful reference especially for you who are interested to buy life insurance.